Get the latest as our experts share their insights on global energy policy.
Many analyses of what the conflict in the Middle East means for China's energy security have rightly focused on China's oil and natural gas imports from the region.
Hear in-depth conversations with the world’s top energy and climate leaders from government, business, academia, and civil society.
For years, the energy transition was discussed as a shift that would happen in steady, predictable increments. But the last 24 months have shattered that illusion. Energy providers...
External Publications with Tom Moerenhout • March 15, 2022
Fossil fuel subsidies constitute a burden for public finances and contribute to climate change and...
Fossil fuel subsidies constitute a burden for public finances and contribute to climate change and air pollution. Fossil fuel subsidies also distort trade, highlighting a possible role for international trade agreements in promoting fossil fuel subsidy reform. This chapter explores the extent to which WTO subsidy rules can be used to address fossil fuel subsidies. It first discusses the ways in which fossil fuel subsidies may impact on international trade. It then continues to analyse how fossil fuel subsidies are disciplined under WTO subsidy rules, focusing on the Agreement on Subsidies and Countervailing Measures. Finding that existing rules largely fail to capture fossil fuel subsidies due to legal and political barriers, the chapter discusses several options for WTO Members to better align subsidy rules with the clean energy transition, including strengthening transparency and creating new rules at the WTO, and tackling fossil fuel subsidies through plurilateral and regional trade agreements.
The Pentagon’s new $200 billion private equity fund would harm the critical industries it aims to support.
Full report
External Publications with Tom Moerenhout • March 15, 2022